Corporate Governance for Startups and Growth-Stage Companies
Good corporate governance is not just for public companies. As your startup takes on investors, adds board members, and scales operations, establishing sound governance practices protects you, your investors, and your company. Foundry Law Group helps founders build governance frameworks that satisfy investor expectations, fulfill legal obligations, and support the decisions that drive your company forward.
Board Formation and Management
Your board of directors plays a central role in major company decisions, from approving financing rounds and hiring executives to setting strategic direction and overseeing compliance. As your company grows and investors join the board, managing board composition, meeting procedures, and fiduciary duties becomes increasingly pressing.
Foundry Law Group advises on board formation, meeting protocols, minute-taking, conflict of interest procedures, and the documentation required to demonstrate proper governance. We help you run a board that is both effective and compliant.
Stockholder and Investor Relations
Investor agreements typically require regular financial reporting, advance notice of certain corporate actions, and stockholder consent for major decisions. Managing these obligations requires clear processes and consistent communication.
Our attorneys help you establish information reporting cadences, prepare stockholder consents, manage waiver and amendment requests, and confirm compliance with the terms of your investor agreements. We serve as an ongoing resource for the governance questions that arise between board meetings.
Governance Practices for Growing Companies
Putting governance practices in place early pays dividends as your company grows. This includes maintaining organized corporate records, holding regular board meetings with proper documentation, establishing clear approval thresholds for material actions, and developing policies around related-party transactions, executive compensation, and equity grants.
Foundry Law Group helps you put these practices in place at each stage of growth, scaling your governance framework to match the complexity of your business and the expectations of your stakeholders.
Frequently Asked Questions
Corporations have a board from formation. The practical weight of board governance increases significantly once you bring on outside investors who may have board seats or observer rights.
Most venture-backed startups hold quarterly board meetings, with additional meetings as needed for major decisions like financing rounds, acquisitions, or significant contracts.
Board members owe fiduciary duties of care and loyalty to the company. This means making informed decisions, avoiding conflicts of interest, and acting in the best interests of the company and its stockholders.